2. Section 19 of the Coconut Development Act, No. 46 of 1971 (hereinafter referred to as the principal enactment) is hereby amended as follows:-
| (a) by the insertion immediately after subsection (2) of that section of the following new subsection :-
| | (2a) Where the powers referred to in paragraph (h) of subsection (1) of section 23 in respect of the export of any coconut product, are assigned to the Board, the Board may, with the approval of the Minister, delegate to any commercial bank the power to issue licenses for the export of that coconut product in accordance with the qualifications, terms and conditions and procedure for the issue of such licenses as may return mind by the board ; | | |
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| (b) in subsection (3) of the section, by the substitution for the expression under subsection (2) of the expression under subsection (2) or Subsection (2a). |
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Sri Lanka Consolidated Acts